Consumer spending comprises more than two-thirds of the U.S. economy, with American consumers spending $14.7 trillion a year. Because the United States is the largest consumer-driven economy in the world, it is little wonder that every year, companies release countless new products in the hopes of establishing a broad customer base or expanding their existing one. In 2019, a host of remarkably successful and otherwise notable products hit the market.
24/7 Wall St. reviewed a wide range of sources to identify 10 of the most exciting new products launched this year. This list, while not exhaustive, highlights all-new products, major changes in well-known existing products, products that integrate groundbreaking new technologies, and commercial success stories. The products are not listed in any particular order.
In recent years, many of the most significant product launches have been in consumer electronics, and 2019 was no different. Several of the products on this list were developed and introduced by major tech companies and integrate technology that may have seemed straight out of science fiction only a few years ago. Here is a look at how technology has changed the world in the last decade.
While everything on this list is notable for a positive reason — whether the product was an instant commercial success or represents cutting edge consumer technology — there were also a number of products that are perhaps equally notable for their shortcomings. For whatever reason, a number of products — some of which made by some of the companies found on this list — failed to catch on with consumers. Here is a list of the biggest product flops of the year.